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Nominee in One Person Company One person company is a type of company introduced by the Companies Act, 2013 that has one person as a shareholder and director. One person company is similar to a private limited company and the…

MCA Processing Time for Various Requests The Ministry of Corporate Affairs (MCA) has published various timelines for processing of different types of applications pending with the MCA. In this article, we provide the respective work flow and the time prescribed. Availability…

SPICe - One Day Company Registration Ministry of Corporate Affairs (MCA) has recently introduced new version of SPICe (one day - one step) Company Registration. SPICe, which stands for Simplified Per forma for Incorporating Company electronically. The new SPICe form takes advantage…

How to Register a One Person Company (OPC) A person as a single promoter can incorporate a Company and have the benefit of limited liability and separate legal entity of a Company. With a OPC, there is no requirement for…

Procedure for Converting Private Limited Company to OPC Due to a co-founder or promoter leaving a private limited company, there might arise a requirement for converting a private limited company into a one person company (OPC). In this article, we…

Old Notes Disclosure by Companies The Lok Sabha has recently passed the Specified Bank Notes (Cessation of Liabilities) Bill, 2017. The Bill related to the holding, transfer and receiving of old Rs.500 and Rs.1000 denomination currency makes it unlawful to hold, transfer or…

Company Information Published by MCA On incorporation of a company or LLP, many of the information about the company and its Directors are made publicly available on the MCA website. This information including email addresses of company is used by…

Duties of Director of a Company The position of Director of a Private Limited Company or Limited Company or One Person Company comes with certain duties and responsibilities. Many Directors of a Company are unaware of these duties and responsibilities…

Managerial Remuneration - Director's Salary as per Companies Act As per the Companies Act, 2013, Managerial Person means a managing director, whole-time director or manager of a company incorporated in India. Managerial renumeration includes pay, compensation, or reward for work…